On the new customer product side, its capital and interest two and five-year fixed rates between 75 and 90 per cent loan to value (LTV) have fallen by around 0.25 per cent and now start from 5.44 per cent. These are subject to a £999 fee.
Two and five-year fixed rate large loan products for £1m or more between 65 and 85 per cent LTV have decreased by as much as 0.25 per cent and begin from 5.59 per cent.
Interest-only two and five-year fixed rates between 75 and 80 per cent LTV have also gone down by around 0.25 per cent with pricing starting from 5.69 per cent.
Professional and newly qualified professional two and five-year fixed rates have been reduced by up to 0.15 per cent and are available from 5.79 per cent.
In its product transfer range, 65 to 95 per cent LTV rates have fallen by 0.25 per cent and start from 5.38 per cent. These products come with a £499 fee.
Fee-saver products between 65 and 95 per cent LTV have fallen by around 0.3 per cent and start from 5.6 per cent.
The lender confirmed that from yesterday, following the Bank of England base rate change the standard variable rate (SVR) had increased to 6.49 per cent, its offset variable rate has risen to 6.7 per cent and offset variable investment housing loan rate had gone up to 6.99 per cent.
Skipton BS adds zero fee BTL products and cuts five-year fixed rates
Skipton Building Society will bring out two and five-year fee-free buy-to-let fixed rates from Monday and cut five-year fixed buy-to-let rates with £995 fee by up to 0.29 per cent.
The lender will also cut rates for its five-year 95 per cent LTV new build product by 0.28 per cent.
Deals include a no-fee buy-to-let two-year fixed rate at 60 per cent LTV coming to 6.41 per cent, its five-year fixed rate with no fee at the same LTV is 5.84 per cent.
Its no-fee five-year new build product at 95 per cent LTV is 6.19 per cent and comes with £500 cashback.
Charlotte Harrison, Skipton’s head of mortgage products, said: “I’m pleased we’re once again able to continue expanding the range to support more new customers to the society alongside balancing the service we provide to existing customers.
“It’s great to be continuing to support landlords since coming back into the buy-to-let market on Monday by launching more products including those with £0 fee, as well as reductions in certain rates. We hope this, alongside our other recently announced reductions will help those looking to get a mortgage.”
